Mini Diamonds (India) Limited , a prominent player in the diamond industry, has announced a significant milestone in its international expansion efforts. The company has secured an export order worth USD 18,00,000 (approximately INR 16.02 crore) for lab-grown cut and polished diamonds from a key client in Hong Kong.

Order Details

Strategic Implications

This order marks a significant step for Mini Diamonds in its pursuit of enhancing export revenues and strengthening its presence in international markets. The company's Chairman and Managing Director, Upendra N. Shah, highlighted that this development reflects the rising global demand for lab-grown diamonds and demonstrates confidence in the company's improving quality and execution capabilities.

Expanding Global Reach

Mini Diamonds has been actively expanding its overseas reach, with a particular focus on the Far East region. The company reports:

• Stronger traction and repeat orders from the Far East
• Dedicated sales coverage and regional partnerships
• A deeper pipeline of potential orders

Company Background

Mini Diamonds (India) Limited, established in 1987, has evolved from a diamond import and export business to an internationally recognized company for cut and polished diamonds and jewelry manufacturing. The company operates a sophisticated manufacturing facility in Mumbai, equipped with cutting-edge technology for diamond processing and jewelry manufacturing.

Market Outlook

The receipt of this substantial order suggests a positive outlook for the lab-grown diamond market. As global demand continues to rise, companies like Mini Diamonds that focus on quality, timely execution, and international expansion are well-positioned to capitalize on these opportunities.

This development not only highlights Mini Diamonds' growing presence in the international market but also underscores the increasing acceptance and demand for lab-grown diamonds in the global jewelry industry.

Mini Diamonds (India) Limited , a prominent player in the diamond industry, has announced a proposal for a 1:5 stock split, subject to shareholder approval. The company's board of directors has initiated a postal ballot process to seek consent for this significant corporate action.

Stock Split Details

The proposed stock split would subdivide each existing equity share with a face value of INR 10.00 into five shares with a face value of INR 2.00 each. This move is aimed at enhancing the liquidity of the company's shares and making them more accessible to a broader range of investors, particularly small investors.

Voting Process

Shareholders will have the opportunity to vote on this proposal through an e-voting process. The voting period is scheduled to run from October 4, 2025, to November 2, 2025. The cut-off date for determining voting eligibility has been set as September 26, 2025.

Key Resolutions

The postal ballot includes two primary resolutions:

1. Approval of the equity share subdivision
2. Consequential amendment to the company's Memorandum of Association capital clause

Impact on Share Capital

If approved, the stock split will not alter the company's total authorized capital of INR 30.00 crores. However, it will result in a change in the number of shares:

Management's Perspective

The Board of Directors believes that this stock split will enhance share liquidity and make the company's shares more affordable for small investors. This move is seen as a step towards broadening the company's investor base and potentially increasing market participation.

Scrutinizer Appointment

CS Sandhya R. Malhotra, Partner of M/s. Manish Ghia & Associates, Company Secretaries, has been appointed as the scrutinizer to oversee the e-voting process and ensure its fairness and transparency.

Next Steps

Shareholders are encouraged to participate in the e-voting process to voice their opinion on this significant corporate action. The results of the postal ballot will be announced within two working days from the conclusion of the e-voting period.

Mini Diamonds (India) Limited's proposed stock split reflects the company's focus on enhancing shareholder value and improving stock liquidity. This move could potentially position the company for increased market attention and investor participation.